St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-04
at the Opening on the Chicago Eoard of
Trade Yesterday Morning Matters
We're Rather Quiet.
There Was Nothing Special in the Way
of News to Cause Any Change
in Prices.
Later or the Lifeless Feeling Gave Way
to Activity, Caused by Bull
Intelligence.
Transactions in the Financial Circles of
Wall Street.-The General
Markets.
Special to the Globe.

Special to the Globe.
CHICAGO, June 3.-California dispatches
this morning said that Buyer the year,
wheat was up sc per GENITAL. This is the
favorite option of the California clique and
entities the buyer to demand his purchase at
his own option. The advance i'll Buyer the
year at SAN Francisco of sc and the Steadi-
ness of the June option at Chicago at 90c
per bushel would make it look to Il suspicious
mind as if there was some sort of concert be-
tween the two upward movements. Then
cables this morning said that American
wheat in Liverpool was very strong, and that
the California clique there was buying. The
pit here opened strong at S6Ae for July and
9Oc for June. Field, Lindley Il Co. were
buyers of July. Rosenbaum Bros. offered
considerable June wheat at soc and later at
S97Sc. Peck & Harrison were buyers of July.
In the succeeding hours of the session there
was very little else 10 record. The clique at
tempted no coup. Whenever July was weak
est they bought sparingly, but whether they
were buying sparingly simply because their
orders were limited for July at about Sole
and because every little show of buying sent
the price above that figure, or whether their
buying was simply 10 steady the market was
not clear. There were some who thought
RoSenbaUm's sales of wheat at 90c was for
the clique, and Others who thought these
sales, aggregating perhaps 100000 to 400,-
600 bushels, were against wheat that they
expected
BY HOOK OR CROOK,
to get in store. The news looked squarely
both ways The bulls had the enormous
clearance, over 100000 bushels from the
Atlantic ports, the bears had the prediction
that next Mondays visible supply would
show an increase of not less than l, 100000
bushels. The bulls had the higher cables,
the big New York export business and the
higher Eastern markets. The bears, the very
weak Duluth markets, the fact that about 500
cars loaded with wheat are on tack here
and the prospect of 1000 cars more wheat
here next week and perhaps each week in
June. Yet July wheat held at S6lac, and the
short seller either of June or July got no
comfort One line OF 100000 bu of short
wheat, which is held at Joliet by Arthur Orr
and c. l.. Hutchinson, is said TO have started
from there to-day, 100 cars having been
loaded. NJ. RoSenfeld & Co. apparently had
orders so sell June wheat from 90c up to
90l2c to-day. They let go about 100000 bu
at lsc advance and are credited with selling
quietly several millions of the cornered
option. Kershaw chartered room for 1000
bu of wheat here to-day, an indication GER
tainly that no corner in elevator capacity is
intended.
THE ROUTINE REPORT
CHICAGO, June 3.-There was nothing spe-
cial in sight at the opening to cause any
change in prices, nor was the temper of the
local crowd in any material sense different
from that prevailing yesterday afternoon.
Private cables quoted wheat dull, with turn
in buyers favor. Receipts here were PSI
cars of wheat. July wheat opened at seize
and eased off to S6lsc, then sold up to S6li@
S6ssc. June sold ut 90c, although the first
hour wheat dragged very heavily, keeping
close to earlier quotations There were no
orders on the floor nor were clique houses
disposed 10 do anything at all. After IL
O'Clock the market became little less life
less, but could not be called more than Ordi-
naTily active. Advices from California were
that seller the year was &c per Genital
higher the price now being S2.12, the high
est price OF the year. This was sufficient bull
news to bring in good many who were sort
of on the edge. Clearances at New
York were 100000 bushels which
a lever. The conditions brought out by even
these slight circumstances were sufficient to
put put July up to S6Ssc, ,ro, gain nc, of
tanned because of good demand for
the wheat at that price. These quotations
ruled up to the close of the morning session.
There was strong tone to wheat on the aft
ernoon board. and July opened at S6la@
S6ssc, closing at S65sc; June closed al 90Iac.
July corn opened at 1914, and sold to 39s8c,
yesterdays closing price. The slight i'm
more or less effect on corn, July picking up
from 3Sl4 to 1914, and closing at the latter
figure. Oats were rather quiet today, and
the futures were within 14c range, July lard
Provisions grew i'll strength as the session adj
vanced, and a few July ribs were sold at
S7.45 during the morning. On the afternoon
session there was very pronounced activity
in ribs which sold to SS.57l2 for July clos
ing at that figure.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No June 90c. closing at 9OIac;
closing at S4ssc; September, S33sc. closing
at S314c. Corn-No. June, 377sc, closing at
38Ac; July, 3914c, closing at 39s4c; August,
4Os4c, closing AT Ale; september, II 5sc, clos
ing at 42e. Oats-No. June, 25l2c, clos
ing at 25a4c; July, 26l2c, closing at 265sc;
August, .26c, closing at 26l8c; September,
June, s23, closing at S23. Lard-per 100
lbs, June, S6.47l2, closing ut S662l2: July,
$3.50, closing at S6.T0; August, 6.67l2, clos
ing at S6.77l2; September S6;a712, closing
at St. S712. Short ribs-Per 100 lbs, June
S7.25, closing at 81 So; July, $3.50, closing at
S7.57l2; August S7.37l2, closing at 81 .67l2;
September, S752la, closing at S7;75.
Market was firm and prices Unchanged .
No. 2 spring wheat, 90@90Ac; No. 3
spring wheat see; No. red, zoe. Corn
No. 2. 3Sl5c. oats-Ne. 2, 25l2c. Rye
seed-No. /, S1.14A@1 14l2. Prime timothy
seed S1.7s@i.80. Mess pork. per Dbl, $3.50
ribs sides, loose, S7.53@74O; dry sailed
shoulders, boxed, S5.60@5 10: short clear
sides, boxed, S7.65@7.7O. Whisky-Distill-
ers' finished goods. per gal, S1.10. Sugar
Cut loaf, 6Ss069sc; graduated, 6lsc; stand
ard A. 5s4c Receipts-Flour, 5000 bbls;
wheat, 100000 bu; corn, 10000 bu: oats,
$4,000 bu; rye, 1000 bu: barley, 1000
blu. Shipments-Flour, 1000 bbls; wheat,
131, 900 bu corn, 255, 900 Blu: oats 90, 900
bu; barley, $50 bu. On the produce ex-
change to-day the butter market was steady;
creamery, 14017c; dairy, 12@15c. Eggs
strong and higher: 12I2c.